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You should aim to choose an equity fund which suits your individual investment requirements. Depending on what you are trying to achieve and your chosen asset allocation, it may be appropriate to invest in a Fund of Funds, which will generally offer broad diversification and access to managers selected as 'best of breed' in each underlying market.

Leigh Himsworth - Gartmore

At Gartmore, we cannot offer investment advice, but I can take this opportunity to explain why an investor may use a fund of funds. Basic investment theory dictates that investors should diversify their investments. Whether this be diversification across asset classes (i.e. bonds, equities, cash, etc.) or diversification across any single asset class, the merits are obvious. A fund of funds is an investment where a fund manager takes the responsibility to diversify on behalf of investors, by investing in a number of funds. It can, therefore, be a particularly attractive proposition to investors who may not have the wealth to fully diversify themselves. It can also be attractive to those investors who do not wish to be burdened with the responsibility of managing a portfolio of assets and having to constantly change them on an ongoing basis to ensure they always hold the right investments to perform in the current economic environment.